HMRC behind almost half of wind-up petitions

HMRC building

The taxman has been accused of pushing businesses into collapse, after a
survey revealed authorities were behind almost half of wind-up petitions,
Guardian reports

HM Revenue & Customs lodged 43% of petitions, according to accountants
UHY Hacker Young, which said HMRC’s priority remains “to maximise debt

“If this is HMRC in ‘soft touch’ mode, businesses will be concerned about
Revenue & Customs turning the screw after the election… Company directors
who can’t come to a workable agreement with the taxman or who break the terms of
an agreement, will find that HMRC will be very quick to push the button on their
business,” said Nick Hancock, a partner at UHY Hacker Young.

Read the full story:
quickest to wind up firms

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